Shinsung E&G Selected for 12.9 Billion KRW Offshore Solar Project
2026-06-23 13:44
Favorite

en.Wedoany.com Reported - Shinsung E&G announced on June 22 that it has been selected to participate in a government-supported project for the development of solar modules for offshore applications.

The project, officially named "Development and Demonstration of High-Durability Solar Modules for Marine Environments," aims to develop high-durability solar modules suitable for marine environments, conduct demonstration operations in the Saemangeum inland sea area, and obtain Korean Industrial Standards (KS) certification. The project spans 36 months, from April 2026 to March 2029, with a total budget of 12.9 billion KRW, including 9 billion KRW in government grants and approximately 3.9 billion KRW in private sector funding.

Shinsung E&G selected as a participating organization in a government-supported offshore solar module development project. (Image source: Shinsung E&G)

The project is overseen by the Ministry of Climate, Energy and Environment and will be executed by a consortium of 12 organizations from industry, academia, and research institutions. Shinsung E&G is responsible for process technology development, transforming research outcomes from partners in materials and components into commercially viable solar modules.

Through its participation in this project, Shinsung E&G plans to advance the commercialization of the offshore solar power market. The company noted that the renewable energy installation potential in South Korea's inland coastal waters and reclaimed lakes is estimated at approximately 10.2 GW, but deployment remains limited due to a lack of proven offshore solar module technology.

In addition to the offshore solar project, Shinsung E&G is involved in two other government-funded projects. These include the development of an artificial intelligence (AI)-based lifecycle management system for solar module recycling and reuse, as well as the development of module manufacturing technologies using low-temperature processes and zero-busbar cells.

The solar module lifecycle management project involves embedding radio frequency identification (RFID) tags in modules and using AI technology to track installation, maintenance, and other lifecycle data. The company stated that this technology will improve the efficiency of solar module recycling.

The low-temperature process project focuses on module technology for perovskite tandem crystalline silicon solar cells, a next-generation photovoltaic technology. Since perovskite tandem cells are heat-sensitive, low-temperature assembly processes are critical. The zero-busbar technology replaces the thick silver busbars typically used on solar cells with finer conductive structures, thereby reducing costs and improving power generation efficiency.

Shinsung E&G stated that the current R&D projects are designed to prepare for markets that may emerge in three to five years. In line with government plans, such as the 100 GW renewable energy deployment, carbon neutrality targets, and the recycling of retired solar modules, the company aims to propose a roadmap for the future direction of the solar industry.

Shinsung E&G entered the solar cell business in 2008 and has accumulated nearly 20 years of experience in solar modules, engineering-procurement-construction (EPC) services for solar power plants, and integrated solutions supporting the RE100 initiative.

Recently, the company has also expanded its product line to include building-integrated photovoltaics (BIPV), colored facade solar modules marketed under the "Solar Skin" brand, agrivoltaic systems, and modules designed specifically for marine environments, to meet diverse installation conditions and customer needs.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com